Molson Coors Beverage Q3 Non-GAAP Earnings, Net Sales Fall; 2026 Outlook Lowered

07:13 AM EST, 11/05/2026 (MT Newswires) -- Molson Coors Beverage (TAP) reported Q3 non-GAAP earnings Thursday of $1.46 per diluted share, down from $1.67 a year earlier. Analysts surveyed by FactSet expected $1.44. Net sales for the quarter ended Sept. 30 were $2.93 billion, down from $2.97 billion a year earlier. Analysts expected $2.94 billion. The company said it now expects 2026 non-GAAP EPS to decline 16% to 19%, compared with its previous outlook of a decline of 11% to 15%. Analysts expect $4.68. Full-year net sales are now expected to decline 1% to 2% on a constant currency basis, compared with its previous outlook of flat, plus or minus 1%. Analysts expect $11.04 billion. Shares of the company were down 3.8% in Thursday premarket activity.